>>> Blink Charging misses by $0.01, misses on revs; guides FY24 revs below conse

Blink Charging misses by $0.01, misses on revs; guides FY24 revs below consensus (2.52 -0.17)
  • Reports Q2 (Jun) loss of ($0.18) per share, excluding non-recurring items, $0.01 worse than the FactSet Consensus of ($0.17); revenues rose 1.3% year/year to $33.26 mln vs the $38.9 mln FactSet Consensus.
    • 4,106 charging stations contracted, deployed or sold in second quarter of 2024.
  • Co issues reduced guidance for FY24, sees FY24 revs of $145-155 mln, down from $165-175 mln, vs. $168.51 mln FactSet Consensus.